The markets are moved by animal spirits, and not by reason.

It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done

I work for a Government I despise for ends I think criminal.

Businessmen have a different set of delusions from politicians; and need, therefore, different handling. They are, however, much milder than politicians, at the same time allured and terrified by the glare of publicity....You could do anything you like with them, if you would treat them (even the big ones) not as wolves and tigers, but as domestic animals by nature, even though they have been badly brought up and not trained as you would wish.

... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.

The importance of money flows from it being a link between the present and the future.